Electricity

Nigeria’s Electricity Invoices Average N720b Yearly, Says NBET

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Nigerian Bulk Electricity Trading (NBET) Plc has stated that it processes an average of N60 billion worth of electricity monthly from the national grid,...
Energy

Five Trends Reshaping European Power Markets

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European power markets have entered a period of unprecedented change. Power prices have touched new highs: baseload week-ahead prices have risen above €200 per megawatt-hour (MWh)1 in...
FG To Electrify 5m Homes, Create 250,000 Jobs With Renewable Energy

FG To Electrify 5m Homes, Create 250,000 Jobs With Renewable Energy

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The Federal Government (FG) has said it would electrify five million homes before 2023. The project, Energy Compact, which is a renewable energy solution would...
NNPC Begins Construction Of 50MW Gas Plant In Borno

NNPC Begins Construction Of 50MW Gas Plant In Borno

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The Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Mele Kyari, on Thursday said the Maiduguri and Environs Emergency Power Project would be delivered...
Ikeja Electric Announces 8-week Power Outage In Lagos

Ikeja Electric Announces 8-week Power Outage In Lagos

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Ikeja Electric Plc has asked for the understanding of its customers as they announced that some areas under its operational network will experience power...
Wärtsilä Extends Contract With Lafarge Africa

Wärtsilä Extends Contract With Lafarge Africa

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Finland-based Wärtsilä has extended its operation and maintenance agreement with Lafarge Africa by another five years. The agreement covers the 100MW Ewekoro power plant,...
New IMF Allocation Will Boost Nigeria, Says AfDB President-Brand Spur Nigeria

AfDB: SEFA Approves $1 Million For Modernization Of Africa’s Hydropower Fleet

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The Sustainable Energy Fund for Africa (SEFA) has approved a $1 million grant for the modernization of Africa’s aging hydropower fleet. The grant will fund the...
FG Boosts Power Supply With N1.3tr As DisCos Remit N26.8 Billion-Brand Spur Nigeria

FG Boosts Power Supply With N1.3tr As DisCos Remit N26.8 Billion

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The Federal Government has supported the supply of electricity in the country with about N1.3 trillion as the Distribution Companies remitted N26.8 billion in...
Nigeria To Produce 150 MW Of Electricity From Waste-Brand Spur Nigeria

Nigeria To Produce 150 MW Of Electricity From Waste

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Plans are underway in Kano state, Nigeria to produce 150 MW of electricity from waste. This was announced by Capegate Investment Limited, a Nigerian-based company...
GE Energizes Africa’s First Ever Fully Digital High Voltage Substation-Brand Spur Nigeria

GE Energizes Africa’s First Ever Fully Digital High Voltage Substation

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This flagship project is part of Senegal’s national electricity company Senelec’s (www.Senelec.sn) transmission and distribution grid expansion, reinforcement and reliability enhancement program to be...
Nigeria's Oil Reserves Lose 600 Million Barrels In Three Years-Brand Spur Nigeria

Nigeria’s Oil Reserves Lose 600 Million Barrels In Three Years

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Nigeria's crude oil reserves declined by about 600 million barrels on the back of reducing investments in the last few years, industry data on...
Smuggling Of Petrol Can Not Be Stopped-Brand Spur Nigeria

NNPC Boss Reveals Why Nigeria Can Not Stop Petrol Smuggling

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The Group Managing Director, Nigerian National Petroleum Corporation (NNPC) Mele Kyari has disclosed why Nigeria cannot stop petrol smuggling to neighbouring nations. Myele Kyari revealed...